In this world, nothing can be certain except death and taxes. We can’t help you with the former, but surrounding yourself with a strong team of professionals can definitely assist with the latter!
There are a few essential components to ensuring that you are reducing your tax bill and making the most out of your investment property.
The first is to appoint a property manager that will be committed to doing the utmost to protect you and your asset and to maximising the property’s potential for you. One way that we do this is to spend time with you to develop a comprehensive maintenance plan for the upkeep and improvement of your property that will keep it in tip-top shape and keep the potential rental income and resale value at the highest point in the market.
Another way we maintain the value of your home is to keep it tenanted with people who have been thoroughly checked and who we look after, which further increases the likelihood that your home will be well cared for by its occupants.
You should also appoint an accountant that is well-versed in property investment. Your accountant will be able to ensure that you maximise your tax benefits and that you have an accurate tax depreciation schedule, so that you get the greatest deductions for your investment and more money into your pocket.